Shares of Northrop Grumman Corporation (NYSE:NOC) have earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $259.93.

NOC has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating and issued a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Finally, Cowen and Company reiterated a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a report on Monday, July 17th.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the sale, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total value of $1,000,220.00. Following the completion of the sale, the vice president now directly owns 69,458 shares in the company, valued at approximately $18,059,080. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. WFG Advisors LP increased its stake in Northrop Grumman Corporation by 4.9% in the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock valued at $152,000 after buying an additional 28 shares in the last quarter. Toronto Dominion Bank increased its stake in Northrop Grumman Corporation by 25.2% in the second quarter. Toronto Dominion Bank now owns 59,532 shares of the aerospace company’s stock worth $15,280,000 after buying an additional 11,991 shares in the last quarter. Cetera Investment Advisers increased its stake in Northrop Grumman Corporation by 0.8% in the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after buying an additional 10 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Northrop Grumman Corporation by 3.2% in the second quarter. EP Wealth Advisors LLC now owns 2,557 shares of the aerospace company’s stock worth $656,000 after buying an additional 80 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Northrop Grumman Corporation by 147.9% in the second quarter. Advisory Services Network LLC now owns 2,023 shares of the aerospace company’s stock worth $519,000 after buying an additional 1,207 shares in the last quarter. 81.80% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Northrop Grumman Corporation (NYSE:NOC) traded down 0.19% during midday trading on Tuesday, hitting $267.61. The stock had a trading volume of 551,186 shares. The stock has a market capitalization of $46.59 billion, a price-to-earnings ratio of 20.44 and a beta of 0.66. Northrop Grumman Corporation has a 52 week low of $206.69 and a 52 week high of $274.61. The stock has a 50 day moving average price of $265.37 and a 200-day moving average price of $250.80.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the company earned $2.85 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio is 30.56%.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Analyst Recommendations for Northrop Grumman Corporation (NYSE:NOC)

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